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2401 Grandview Pl 18 Unit Apartment Building $8,645,000 ($480,278/Unit) 8.30% Cap Rate Casper, WY 82604



Investment Highlights
- 67 residential units within a condo project
- Stable occupancy and consistent rental income
- Off strategy Turnkey investment with immediate cash flow
- Strong in-place NOI of $712,172 (based on Seller provided info)
- Potential long-term exit via condo sell
- Attractive 8.3% cap rate at asking price (based on recent appraisal)
Executive Summary
High-Yield 67-Unit Condo Portfolio | Strong In-Place Income | 8.3% Cap Rate Rare opportunity to acquire a 67-unit residential condo portfolio offering immediate scale, stable cash flow, and an attractive 8.3% cap rate at current operations. This asset delivers consistent in-place income supported by a diversified tenant base, making it well-suited for investors seeking reliable yield in today’s market. The property benefits from solid occupancy and established rental performance, with minimal reliance on pro forma assumptions. Investors can step into a stabilized asset with predictable revenue from day one. The condo structure provides additional strategic flexibility, including the potential for future unit-by-unit disposition (subject to market conditions and HOA guidelines), offering a compelling long-term value enhancement opportunity. This offering is ideal for yield-focused buyers, 1031 exchange investors, or groups seeking a scaled residential investment with both current income and optional upside.
Property Facts
| Price | $8,645,000 | Apartment Style | Low-Rise |
| Price Per Unit | $480,278 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 8.30% | Building Size | 5,309 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | ||
| Zoning | PLND UNIT DEV | ||
| Price | $8,645,000 |
| Price Per Unit | $480,278 |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 5,309 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Zoning | PLND UNIT DEV |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | - | 805 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 33-79-17-4-2-703600 | Improvements Assessment | $4,091 |
| Land Assessment | $0 | Total Assessment | $4,091 |
Property Taxes
Parcel Number
33-79-17-4-2-703600
Land Assessment
$0
Improvements Assessment
$4,091
Total Assessment
$4,091
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2401 Grandview Pl
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